- On 17 August 2026, Lloyds Engineering Works Limited (LLOYDSENGG) secured a controlling 51.13 % stake in Steel Infra Solutions Company Limited (SISCOL), paying an aggregate ₹626.39 crore (cash + share‑swap).
- Together with Lloyds Enterprises Ltd. and Streamland Estate LLP, the parties acquired 3,54,79,871 shares, representing 86.89 % of SISCOL’s equity.
- Lloyds Engineering’s payment split into ₹127.34 crore cash for 10.39 % of SISCOL and issuance of 7,00,42,458 preferential shares at ₹71.25 each, covering 40.74 % of the target.
- SISCOL reported FY 2025‑26 turnover of ₹816.87 crore and net profit of ₹43.42 crore, with a 100,000 MT annual production capacity and marquee projects such as Delhi Airport Terminal 1 and Noida International Airport.
- The acquisition aims to broaden Lloyds Engineering’s product portfolio, capture cost synergies, strengthen its order book for large EPC contracts, and pave the way for a potential SISCOL listing within 30 months.
Lloyds Engineering's acquisition of a controlling stake in SISCOL is likely to lift the share price as investors see strategic expansion and synergies, though dilution from share issuance may temper enthusiasm. The move should be viewed positively in the short run with moderate upside over the next few weeks.
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Forecast from comparable, historic events. Not investment advice.
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